July 17, 2020 / 8:18 AM / 21 days ago

CRISIL ratings for Indian debt instruments-Jul 17

   Jul 17 - Below are the ratings awarded by Credit Rating Information Service of India (CRISIL)
for local debt instruments as of July 16, 2020.


COMPANY                                INSTRUMENT        RATING        AMOUNT MOVEMENT
                                                                      (RS.MLN)
------                                 ----------        ------        -----  ---------
SHORT TERM RATINGS:
-------------------
A. K. G. Steel Industries              LOC               CRISIL A4     30     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Adani Capital Pvt Ltd                  Proposed ST Bk    CRISIL A1+    850    Reaffirmed
                                       Loan Fac
Adani Capital Pvt Ltd                  WC Demand Loan    CRISIL A1+    1150   Reaffirmed
Adani Capital Pvt Ltd                  ST NCD            CRISIL A1+    1000   Reaffirmed
Adani Capital Pvt Ltd                  CP                CRISIL A1+    1500   Reaffirmed
Akhil Infra Projects Pvt Ltd           BG                CRISIL A4     170    -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Alfanso Vitrified Pvt Ltd              BG                CRISIL A4     40     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Alliaance Biotech                      Import LOC Limit  CRISIL A4     7.5    Reaffirmed
(Issuer Not Cooperating)
Anilkumar Construction Company         BG                CRISIL A4     20     Reaffirmed
(Issuer Not Cooperating)
Arun Engineering Projects Pvt Ltd      BG                CRISIL A4     125    Reaffirmed
(Issuer Not Cooperating)
Aurangabad Electricals Ltd             Bill Discounting* CRISIL A1     550    Reaffirmed
(*Interchangeable with export bill discounting to the extent of Rs 10 crore)
Aurangabad Electricals Ltd             Bill Discounting  CRISIL A1     200    Reaffirmed
Aurangabad Electricals Ltd             LOC & BG^         CRISIL A1     100    Reaffirmed
(^Interchangeable with letter of credit/bank guarantee to the extent of Rs 10 crore)
Aurangabad Electricals Ltd             LOC & BG          CRISIL A1     300    Reaffirmed
Aurangabad Electricals Ltd             LOC & BG**        CRISIL A1     100    Reaffirmed
(** Interchangeability from fund-based to non-fund-based limits enhanced from Rs 4 crore to Rs 6
crore)
Auto Shell Casts Pvt Ltd               Proposed ST Bk    CRISIL A4     6.5    -
                                       Loan Fac
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
B. C. Bhuyan Constructions Pvt Ltd     BG                CRISIL A4     120    -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
B. K. International Pvt Ltd            LOC               CRISIL A4     35     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Canter Engineers Pvt Ltd               BG                CRISIL A4     220    -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
CMS Associates Pvt Ltd                 BG                CRISIL A4     3      -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
CMS Associates Pvt Ltd                 Inland/Import LOC CRISIL A4     5      -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
CMS Associates Pvt Ltd                 Packing Credit    CRISIL A4     30     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
CMS Associates Pvt Ltd                 Proposed NFBL     CRISIL A4     12     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Competent Engineers                    Proposed ST Bk    CRISIL A4     10     -
                                       Loan Fac
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Creative Polypack Ltd                  BG                CRISIL A4     20     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Creative Polypack Ltd                  Overdraft         CRISIL A4     30     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Divya Engicon Pvt Ltd                  BG                CRISIL A4     25     Reaffirmed
Envogue Wood Working Pvt Ltd           Export Packing    CRISIL A4     75     -
                                       Credit & Export
                                       Bills Negotiation/Foreign Bill discounting
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
EVIO Pvt Ltd                           LOC & BG          CRISIL A3     540    Reaffirmed
Exel Chemicals (India) Pvt Ltd         Foreign Bill      CRISIL A4     65     -
                                       Purchase
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Exel Chemicals (India) Pvt Ltd         Foreign Exchange  CRISIL A4     10     -
                                       Forward
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Exel Chemicals (India) Pvt Ltd         Inland/Import LOC CRISIL A4     15     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Galaxy Laboratories Pvt Ltd            LOC               CRISIL A4     17.5   -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Garg Villas Pvt Ltd                    BG                CRISIL A4     115    Reaffirmed
(Issuer Not Cooperating)
Genret Energy Solutions Pvt Ltd        LOC & BG          CRISIL A4     75     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Glorious Mediscience (India) Pvt Ltd   Foreign LOC       CRISIL A4     25     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
GNA Gears Ltd                          BG                CRISIL A4     5      -
(Issuer Not Cooperating)
GNA Gears Ltd                          LOC               CRISIL A4     50     -
(Issuer Not Cooperating)
Gokula Education Foundation (Medical)  Proposed ST Bk    CRISIL A4     100    -
                                       Loan Fac
(Issuer Not Cooperating)
Golden Metal Pvt Ltd                   LOC               CRISIL A4     37.5   -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Goldstar Metals Ltd                    Foreign Exchange  CRISIL A4     6      -
                                       Forward
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Goldstar Metals Ltd                    LOC               CRISIL A4     80     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Harcharan Dass Gupta                   BG                CRISIL A4     70     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Hardayal Infra Projects Pvt Ltd        BG                CRISIL A4     250    -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Hardayal Infra Projects Pvt Ltd        Proposed BG       CRISIL A4     164.9  -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Hariharan Foundations Pvt Ltd          BG                CRISIL A4     505    -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Hariharan Foundations Pvt Ltd          LOC               CRISIL A4     50     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Khukhrain Builders                     BG                CRISIL A4     155    Reaffirmed
Meera and Ceiko Pumps Pvt Ltd          BG                CRISIL A4     39     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Meera and Ceiko Pumps Pvt Ltd          Proposed BG       CRISIL A4     27     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Muthoot Finance Ltd                    CP                CRISIL A1+    50000  Reaffirmed
Polyset Plastics Pvt Ltd               Proposed ST Bk    CRISIL A2     20     -
                                       Loan Fac
Power Finance Corporation Ltd          ST Borrowing      CRISIL A1+    200000 Reaffirmed
                                       programme@
(@ Borrowing programme for fiscal 2021 (refers to financial year, April 1 to March 31). The
overall limit for the long-term borrowing programme and the short-term borrowing programme is
Rs.90,000 crore. The long-term borrowing programme includes tax-free bonds under Section 10 of
the Income Tax Act. Total incremental long-term bank borrowing and short-term borrowings not to
exceed Rs.70000 crore and Rs 20,000 crore, respectively, at any point in time during fiscal
2021.) 
Power Finance Corporation Ltd          ST Borrowing      CRISIL A1+    170000 Reaffirmed
                                       programme~
(~ Borrowing programme for fiscal 2019)
Power Finance Corporation Ltd          ST Borrowing      CRISIL A1+    120000 Reaffirmed
                                       programme&
(& Borrowing programme for fiscal 2020)
Power Finance Corporation Ltd          ST Borrowing      CRISIL A1+    200000 Reaffirmed
                                       programme*
(*Borrowing programme for fiscal 2018)
PPG Asian Paints Pvt Ltd               Bill Discounting  CRISIL A1+    250    Reaffirmed
Sai Srinivasa Bottles Pvt Ltd          BG                CRISIL A4+    5      Reaffirmed
Samunnati Financial Intermediation &   CP                CRISIL A2+    1000   Reaffirmed
Services Pvt Ltd
Seko Bec Pvt Ltd                       BG                CRISIL A4     15     Reaffirmed
(Issuer Not Cooperating)
Seko Bec Pvt Ltd                       LOC               CRISIL A4     30     Reaffirmed
(Issuer Not Cooperating)
Siva Vaishnavi Marine Pvt Ltd          Packing Credit    CRISIL A4     80     Reaffirmed
Siva Vaishnavi Marine Pvt Ltd          Proposed Packing  CRISIL A4     20     Assigned
                                       Credit
Terna Public Charitable Trust          BG                CRISIL A4+    34     -
(ISSUER NOT COOPERATING; Migrated from 'CRISIL A3')
Terna Public Charitable Trust          Overdraft         CRISIL A4+    200    -
(ISSUER NOT COOPERATING; Migrated from 'CRISIL A3')
The Ramco Cements Ltd                  CP Programme      CRISIL A1+    9000   Reaffirmed
Vidya Bal Mandli Society               Overdraft         CRISIL A4     145    -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
 
 
 
LONG TERM RATINGS:
-------------------
A. K. G. Steel Industries              CC                CRISIL        45     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
A. N. R. Cotton Traders                CC                CRISIL        140    Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
A. N. R. Cotton Traders                Proposed CC Limit CRISIL        20     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
A. N. R. Cotton Traders                Proposed LT Bk    CRISIL        20     Reaffirmed
                                       Loan Fac          B/Stable
(Issuer Not Cooperating)
Adani Capital Pvt Ltd                  Proposed LT Bk    CRISIL        1750   Reaffirmed
                                       Loan Fac          AA-/Stable
Adani Capital Pvt Ltd                  TL                CRISIL        7250   Reaffirmed
                                                         AA-/Stable
Adani Capital Pvt Ltd                  NCD               CRISIL        1000   Assigned
                                                         AA-/Stable
Adani Capital Pvt Ltd                  NCD               CRISIL        500    Reaffirmed
                                                         AA-/Stable
Aeron Exports Pvt Ltd                  CC                CRISIL        150    Reaffirmed
                                                         B-/Stable
(Issuer Not Cooperating)
Akhil Infra Projects Pvt Ltd           CC                CRISIL        30     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Al Hind Educational And Charitable Trust LT Loan         CRISIL        200    Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Alfanso Vitrified Pvt Ltd              CC                CRISIL        100    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Alfanso Vitrified Pvt Ltd              TL                CRISIL        315    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Alliaance Biotech                      CC                CRISIL        80     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Alliaance Biotech                      Standby LOC       CRISIL        5      Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Amudha Aseptic Food Products           CC                CRISIL        40     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Amudha Aseptic Food Products           LT Loan           CRISIL        60     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Anilkumar Construction Company         CC                CRISIL        35     Reaffirmed
                                                         B-/Stable
(Issuer Not Cooperating)
Anilkumar Construction Company         TL                CRISIL        8.9    Reaffirmed
                                                         B-/Stable
(Issuer Not Cooperating)
Annaporanaa Foods                      CC                CRISIL        80     Reaffirmed
                                                         B-/Stable
(Issuer Not Cooperating)
Arun Engineering Projects Pvt Ltd      CC                CRISIL        25     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Arun Engineering Projects Pvt Ltd      Proposed LT Bk    CRISIL        100    Reaffirmed
                                       Loan Fac          B/Stable
(Issuer Not Cooperating)
Ashapura Agrocomm Pvt Ltd              Proposed LT Bk    -             37     Withdrawn
                                       Loan Fac
Ashapura Agrocomm Pvt Ltd              CC                CRISIL        220    Reaffirmed
                                                         BB+/Stable
Ashapura Agrocomm Pvt Ltd              LT Loan           CRISIL        60     Reaffirmed
                                                         BB+/Stable
ASK Fras-le Friction Pvt Ltd           CC                CRISIL        250    Reaffirmed
                                                         BBB-/Stable
ASK Fras-le Friction Pvt Ltd           LT Loan           CRISIL        250    Reaffirmed
                                                         BBB-/Stable
Aurangabad Electricals Ltd             LT Loan           CRISIL        868.3  Reaffirmed
                                                         A+/Stable
Aurangabad Electricals Ltd             Proposed LT Bk    CRISIL        161.7  Reaffirmed
                                       Loan Fac          A+/Stable
Auto Shell Casts Pvt Ltd               CC                CRISIL        92     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Auto Shell Casts Pvt Ltd               Proposed LT Bk    CRISIL        26.5   -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Auto Shell Casts Pvt Ltd               TL                CRISIL        30     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
B. C. Bhuyan Constructions Pvt Ltd     CC                CRISIL        100    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
B. C. Bhuyan Constructions Pvt Ltd     TL                CRISIL        10     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
B. K. International Pvt Ltd            CC                CRISIL        95     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
B. K. International Pvt Ltd            Proposed LT Bk    CRISIL        1.6    -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
B. K. International Pvt Ltd            TL                CRISIL        68.4   -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Bahubali Motors Pvt Ltd                CC                CRISIL        100    Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Bapasitaram Ceramic                    CC                CRISIL        25     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Bapasitaram Ceramic                    Proposed LT Bk    CRISIL        10     Reaffirmed
                                       Loan Fac          B/Stable
(Issuer Not Cooperating)
Bapasitaram Ceramic                    TL                CRISIL        20     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Belgium Aluminium and Glass Industries BG                CRISIL D      620    Reaffirmed
Pvt Ltd
(Issuer Not Cooperating)
Belgium Aluminium and Glass Industries CC                CRISIL D      357    Reaffirmed
Pvt Ltd
(Issuer Not Cooperating)
Belgium Aluminium and Glass Industries LOC               CRISIL D      449.7  Reaffirmed
Pvt Ltd
(Issuer Not Cooperating)
Bhansali & Co.                         Post Shipment     CRISIL        1800   -
                                       Credit            B+/Stable
(Issuer Not Cooperating)
Bhatia Wine Merchants Pvt Ltd          CC                CRISIL        250    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Bhatia Wine Merchants Pvt Ltd          TL                CRISIL        450    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Bhimraj Exports Pvt Ltd                Export Packing    CRISIL        120    -
                                       Credit            B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Canter Engineers Pvt Ltd               CC                CRISIL        120    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Canter Engineers Pvt Ltd               Proposed LT Bk    CRISIL        10     -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Cipriani Harrison Valves Pvt Ltd       Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
CMS Associates Pvt Ltd                 Bill Discounting  CRISIL        40     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Competent Engineers                    CC                CRISIL        70     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Creative Polypack Ltd                  CC                CRISIL        150    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Creative Polypack Ltd                  TL                CRISIL        100    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
D Decor Home Store LLP.                Rating Advisory   -             -      -
(CRISIL vide its publication dated June 22, 2020 highlighted the aspect of non-co-operation by D
Decor Home Store LLP.)
D`Decor Exports Pvt Ltd.               Rating Advisory   -             -      -
(CRISIL vide its publication dated June 22, 2020 highlighted the aspect of non-co-operation by
D`Decor Exports Private Limited.)
D’Decor Home Fabrics Pvt Ltd           Rating Advisory   -             -      -
(CRISIL vide its publication dated June 22, 2020 highlighted the aspect of non-co-operation by
D’Decor Home Fabrics Private Limited.)
Divya Engicon Pvt Ltd                  CC                CRISIL        25     -
                                                         B/Stable
(Downgraded from 'CRISIL B+/Stable')
Divya Engicon Pvt Ltd                  LT Loan           CRISIL        10     -
                                                         B/Stable
(Downgraded from 'CRISIL B+/Stable')
Divya Engicon Pvt Ltd                  Proposed LT Bk    CRISIL        10     -
                                       Loan Fac          B/Stable
(Downgraded from 'CRISIL B+/Stable')
DS Confectionery Products Ltd          CC*               CRISIL        360    Assigned
                                                         A+/Stable
(*Fully interchangeable with working capital demand loan)
Envogue Wood Working Pvt Ltd           CC                CRISIL        5      -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Envogue Wood Working Pvt Ltd           Non-FBL           CRISIL        75     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Envogue Wood Working Pvt Ltd           Proposed TL       CRISIL        7.8    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Envogue Wood Working Pvt Ltd           TL                CRISIL        17.2   -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Ephysx Technologies Pvt Ltd            BG                CRISIL D      20     -
(ISSUER NOT COOPERATING; Downgraded from 'CRISIL B+/Stable)
Ephysx Technologies Pvt Ltd            CC                CRISIL D      80     -
(ISSUER NOT COOPERATING; Downgraded from 'CRISIL B+/Stable)
Ephysx Technologies Pvt Ltd            Proposed CC Limit CRISIL D      10     -
(ISSUER NOT COOPERATING; Downgraded from 'CRISIL B+/Stable)
EVIO Pvt Ltd                           CC                CRISIL        90     Reaffirmed
                                                         BBB-/Stable
EVIO Pvt Ltd                           TL                CRISIL        100    Reaffirmed
                                                         BBB-/Stable
Ficom Engineering Pvt Ltd              CC                CRISIL        25     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Ficom Engineering Pvt Ltd              LT Loan           CRISIL        40     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Ficom Engineering Pvt Ltd              Proposed LT Bk    CRISIL        35     -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
G. T. Homes                            TL                CRISIL D      230    Reaffirmed
(Issuer Not Cooperating)
G.G. Fashions                          Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Gajraj Automobiles Pvt Ltd             CC                CRISIL        40     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Gajraj Automobiles Pvt Ltd             Inventory Funding CRISIL        120    -
                                       Fac               B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Galaxy Laboratories Pvt Ltd            CC                CRISIL        50     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Galaxy Laboratories Pvt Ltd            Proposed CC Limit CRISIL        10     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Galaxy Laboratories Pvt Ltd            Proposed TL       CRISIL        43     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Galaxy Laboratories Pvt Ltd            TL                CRISIL        30     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Geetika Fashions                       CC                CRISIL        170    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Geetika Fashions                       Proposed LT Bk    CRISIL        30     -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Genret Energy Solutions Pvt Ltd        CC                CRISIL        5      -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Glorious Mediscience (India) Pvt Ltd   CC                CRISIL        60     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Glorious Mediscience (India) Pvt Ltd   Overdraft         CRISIL        15     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Glorious Mediscience (India) Pvt Ltd   TL                CRISIL        53.7   -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
GNA Gears Ltd                          CC                CRISIL        700    -
                                                         B+/Stable
(Issuer Not Cooperating)
GNA Gears Ltd                          TL                CRISIL        545    -
                                                         B+/Stable
(Issuer Not Cooperating)
Gokul Ginning and Oil Industries       CC                CRISIL        60     -
                                                         B+/Stable
(Issuer Not Cooperating)
Gokula Education Foundation (Medical)  Overdraft         CRISIL        500    -
                                                         B+/Stable
(Issuer Not Cooperating)
Gokula Education Foundation (Medical)  Proposed LT Bk    CRISIL        100    -
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Golconda Textiles Pvt Ltd              BG                CRISIL D      5.5    Reaffirmed
(Issuer Not Cooperating)
Golconda Textiles Pvt Ltd              CC                CRISIL D      110    Reaffirmed
(Issuer Not Cooperating)
Golconda Textiles Pvt Ltd              Proposed LT Bk    CRISIL D      4.5    Reaffirmed
                                       Loan Fac
(Issuer Not Cooperating)
Golconda Textiles Pvt Ltd              TL                CRISIL D      40     Reaffirmed
(Issuer Not Cooperating)
Gold En Glow                           Proposed LT Bk    CRISIL        100    Assigned
                                       Loan Fac          B+/Stable
Golden Metal Pvt Ltd                   CC                CRISIL        50     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Golden Metal Pvt Ltd                   Proposed TL       CRISIL        12.5   -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Goldstar Metals Ltd                    CC                CRISIL        80     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Golhar Ginning & Oils Pvt Ltd          CC                CRISIL        47.5   Reaffirmed
                                                         B-/Stable
(Issuer Not Cooperating)
Golhar Ginning & Oils Pvt Ltd          LT Loan           CRISIL        41     Reaffirmed
                                                         B-/Stable
(Issuer Not Cooperating)
Granite Zone India Pvt Ltd             CC                CRISIL        20     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Granite Zone India Pvt Ltd             LT Loan           CRISIL        40     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Greccy Knit                            CC                CRISIL D      7.5    Reaffirmed
(Issuer Not Cooperating)
Greccy Knit                            TL                CRISIL D      54.3   Reaffirmed
(Issuer Not Cooperating)
Harcharan Dass Gupta                   CC                CRISIL        35     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Hardayal Infra Projects Pvt Ltd        CC                CRISIL        50     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Hardayal Infra Projects Pvt Ltd        Proposed CC Limit CRISIL        30     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Hardayal Infra Projects Pvt Ltd        TL                CRISIL        5.1    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Hariharan Foundations Pvt Ltd          Overdraft         CRISIL        25     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Heera Rice Mills                       CC                CRISIL        175    Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Heera Rice Mills                       Proposed FB Bk    CRISIL        2.2    Reaffirmed
                                       Limits            B+/Stable
(Issuer Not Cooperating)
Heera Rice Mills                       TL                CRISIL        12.8   Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Heera Rice Mills                       Warehouse Receipts CRISIL       75     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Helios and Matheson Information        CC                CRISIL D      1560   Reaffirmed
Technology Ltd
(Issuer Not Cooperating)
Helios and Matheson Information        LT Loan           CRISIL D      440    Reaffirmed
Technology Ltd
(Issuer Not Cooperating)
Home Idea Curtain Fabrics              Rating Advisory   -             -      -
(CRISIL vide its publication dated June 22, 2020 highlighted the aspect of non-co-operation by
Home Idea Curtain Fabrics)
Hotel Harisree                         LT Loan           CRISIL        64     Assigned
                                                         B+/Stable
J.P.P. Mills Pvt Ltd                   CC                CRISIL        250    Reaffirmed
                                                         BBB/Stable
J.P.P. Mills Pvt Ltd                   LT Loan           CRISIL        412    Reaffirmed
                                                         BBB/Stable
J.P.P. Mills Pvt Ltd                   Proposed LT Bk    CRISIL        18     Assigned
                                       Loan Fac          BBB/Stable
Jakson Power Pvt Ltd                   LT Loan           CRISIL        1390   Assigned
                                                         A-/Stable
Jakson Power Pvt Ltd                   Proposed LT Bk    CRISIL        610    Assigned
                                       Loan Fac          A-/Stable
Jupiter Laminators Pvt Ltd             CC                CRISIL        440    Reaffirmed
                                                         BBB+/Stable
Jupiter Laminators Pvt Ltd             LT Loan           CRISIL        880    Reaffirmed
                                                         BBB+/Stable
Kalpataruvu Spinning Mills Pvt Ltd     CC                CRISIL        300    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Kalpataruvu Spinning Mills Pvt Ltd     LT Loan           CRISIL        60     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Kalpataruvu Spinning Mills Pvt Ltd     TL                CRISIL        250    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Khukhrain Builders                     Overdraft         CRISIL        37.5   Reaffirmed
                                                         B/Stable
Marangi Pvt Ltd                        CC                CRISIL        40     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Marangi Pvt Ltd                        Proposed LT Bk    CRISIL        1.5    -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Marangi Pvt Ltd                        Standby LOC       CRISIL        2      -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Marangi Pvt Ltd                        TL                CRISIL        16.5   -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Meenakshi Ammal Trust                  CC                CRISIL        350    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Meenakshi Ammal Trust                  TL                CRISIL        200    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Meera and Ceiko Pumps Pvt Ltd          CC                CRISIL        20     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Meera and Ceiko Pumps Pvt Ltd          Proposed CC Limit CRISIL        10     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Mirones Builders and Developers Pvt Ltd CC               CRISIL        115    Reaffirmed
                                                         BB/Stable
(Issuer Not Cooperating)
Muthoot Finance Ltd                    NCD               CRISIL        20000  Reaffirmed
                                                         AA/Positive
Muthoot Finance Ltd                    Subordinated Debt CRISIL        2002.8 Reaffirmed
                                                         AA/Positive
Muthoot Finance Ltd                    NCD               CRISIL        20000  Reaffirmed
                                                         AA/Positive
Muthoot Finance Ltd                    NCD               CRISIL        40000  Reaffirmed
                                                         AA/Positive
Muthoot Finance Ltd                    NCD               CRISIL        40000  Reaffirmed
                                                         AA/Positive
Muthoot Finance Ltd                    NCD               CRISIL        3042   Reaffirmed
                                                         AA/Positive
Muthoot Finance Ltd                    NCD               CRISIL        15000  Reaffirmed
                                                         AA/Positive
Muthoot Finance Ltd                    NCD               CRISIL        2518   Reaffirmed
                                                         AA/Positive
Muthoot Finance Ltd                    NCD               CRISIL        936    Reaffirmed
                                                         AA/Positive
Muthoot Finance Ltd                    NCD               CRISIL        28     Reaffirmed
                                                         AA/Positive
Muthoot Finance Ltd                    NCD               CRISIL        2500   Reaffirmed
                                                         AA/Positive
Muthoot Finance Ltd                    Subordinated Debt CRISIL        100    Reaffirmed
                                                         AA/Positive
Muthoot Finance Ltd                    Subordinated Debt CRISIL        187.2  Reaffirmed
                                                         AA/Positive
Muthoot Finance Ltd                    Subordinated Debt CRISIL        317.8  Reaffirmed
                                                         AA/Positive
Muthoot Finance Ltd                    Subordinated Debt CRISIL       230.392 Reaffirmed
                                                         AA/Positive
Muthoot Finance Ltd                    LT Principal      CRISIL PP-MLD 2000   Assigned
                                       Protected Market  AAr/Positive
                                       Linked Debentures
Muthoot Finance Ltd                    LT Principal      CRISIL PP-MLD 2000   Reaffirmed
                                       Protected Market  AAr/Positive
                                       Linked Debentures
Muthoot Finance Ltd                    LT Principal      CRISIL PP-MLD 1000   Reaffirmed
                                       Protected Market  AAr/Positive
                                       Linked Debentures
Muthoot Finance Ltd                    LT Principal      CRISIL PP-MLD 1500   Reaffirmed
                                       Protected Market  AAr/Positive
                                       Linked Debentures
Omsai Professional Detective and       Proposed LT Bk    CRISIL        500    -
Security Services Pvt Ltd              Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Polyset Plastics Pvt Ltd               CC                CRISIL        350    Reaffirmed
                                                         BBB+/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Power Finance Corporation Ltd          CC*               CRISIL        100000 Reaffirmed
                                                         AAA/Stable
(*Limit for working capital working capital demand loan/overdraft facility/cash credit/line of
credit/bank guarantee. Total working capital borrowing not to exceed board-approved limit of Rs
10,000 crore. However, quantum of sanctioned working capital facilities may be different from
the Board-approved limit for outstanding working capital borrowing.) 
Power Finance Corporation Ltd          Perpetual NCD@    CRISIL        10000  Assigned
                                                         AAA/Stable
(@ Borrowing programme for fiscal 2021 (refers to financial year, April 1 to March 31). The
overall limit for the long-term borrowing programme and the short-term borrowing programme is
Rs.90,000 crore. The long-term borrowing programme includes tax-free bonds under Section 10 of
the Income Tax Act. Total incremental long-term bank borrowing and short-term borrowings not to
exceed Rs.70000 crore and Rs 20,000 crore, respectively, at any point in time during fiscal
2021.) 
Power Finance Corporation Ltd          LT Borrowing      CRISIL        700000 Reaffirmed
                                       Programme@        AAA/Stable
(@ Borrowing programme for fiscal 2021 (refers to financial year, April 1 to March 31). The
overall limit for the long-term borrowing programme and the short-term borrowing programme is
Rs.90,000 crore. The long-term borrowing programme includes tax-free bonds under Section 10 of
the Income Tax Act. Total incremental long-term bank borrowing and short-term borrowings not to
exceed Rs.70000 crore and Rs 20,000 crore, respectively, at any point in time during fiscal
2021.)
Power Finance Corporation Ltd          LT Borrowing      CRISIL        880000 Reaffirmed
                                       Programme&        AAA/Stable
(& Borrowing programme for fiscal 2020)
Power Finance Corporation Ltd          LT Borrowing      CRISIL        800000 Reaffirmed
                                       Programme~        AAA/Stable
(~ Borrowing programme for fiscal 2019)
Power Finance Corporation Ltd          LT Borrowing      CRISIL        640000 Reaffirmed
                                       Programme*        AAA/Stable
(*Borrowing programme for fiscal 2018)
Power Finance Corporation Ltd          Subordinated NCDs CRISIL        150000 Reaffirmed
                                                         AAA/Stable
Power Finance Corporation Ltd          Bonds #           CRISIL       1859434 Reaffirmed
                                                         AAA/Stable
(#Includes Rs 5,000 crore of extra budgetary resources to be raised on behalf of the Ministry of
Power)
PPG Asian Paints Pvt Ltd               WC Demand Loan#   CRISIL        700    Reaffirmed
                                                         AA/Stable
(#Interchangeable with letter of credit/bank guarantee)
Raj Gems                               Export Packing    CRISIL D      140.5  Reaffirmed
                                       Credit
(Issuer Not Cooperating)
Raj Gems                               Post Shipment     CRISIL D      259.5  Reaffirmed
                                       Credit
(Issuer Not Cooperating)
Rama Exports                           Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Rani International                     Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
S.M. Agri Exports Pvt Ltd              Export Packing    CRISIL        250    Reaffirmed
                                       Credit            B+/Stable
Sahajanand Technologies Pvt Ltd        Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sai Construction Pvt Ltd               Lease Rental      CRISIL        1000   -
                                       Discounting Loan  B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Sai Srinivasa Bottles Pvt Ltd          CC                CRISIL        120    Reaffirmed
                                                         BB-/Stable
Samunnati Financial Intermediation &   NCD               CRISIL        800    Assigned
Services Pvt Ltd                                         BBB+/Stable 
Samunnati Financial Intermediation &   NCD               CRISIL        200    Reaffirmed
Services Pvt Ltd                                         BBB+/Stable 
Seko Bec Pvt Ltd                       CC                CRISIL        45     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Shreerakshyan Infracon Pvt Ltd         CC                CRISIL        60     Reaffirmed
                                                         BB-/Stable
Shreerakshyan Infracon Pvt Ltd         Proposed LT Bk    CRISIL        40     Reaffirmed
                                       Loan Fac          BB-/Stable
Sree Vasavi Trust.                     Rating Advisory   -             -      -
(CRISIL vide its publication dated July 10, 2020 highlighted the aspect of non-co-operation by
Sree Vasavi Trust.)
Sri Varalakshmi Agro Tech Industries   Rating Advisory   -             -      -
(CRISIL vide its publication dated July 10, 2020 highlighted the aspect of non-co-operation by
Sri Varalakshmi Agro Tech Industries)
Super Diamond Enterprises              TL                CRISIL        1000   -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
T R Sawhney Motors Pvt Ltd             CC                CRISIL        500    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
T R Sawhney Motors Pvt Ltd             Inventory Funding CRISIL        700    -
                                       Fac               B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Terna Public Charitable Trust          Proposed LT Bk    CRISIL        24.3   -
                                       Loan Fac          BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB-/Stable)
Terna Public Charitable Trust          Proposed WC Fac   CRISIL        50     -
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB-/Stable)
Terna Public Charitable Trust          TL                CRISIL        691.7  -
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB-/Stable)
Universal Hatchery Pvt Ltd             CC                CRISIL        65.8   Reaffirmed
                                                         BB-/Stable
Universal Hatchery Pvt Ltd             TL                CRISIL        67.5   Reaffirmed
                                                         BB-/Stable
Vidya Bal Mandli Society               LT Loan           CRISIL        75     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Zblog Management Solutions Pvt Ltd     CC                CRISIL        280    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Zblog Management Solutions Pvt Ltd     Standby Line of   CRISIL        20     -
                                       Credit            B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected

CRISIL may apply + or - signs for ratings to reflect a comparative standing within the category.

BG-Bank Guarantee; CC-Cash Credit; CCPS-Cumulative Convertible Preference Share; CD-Certificate
of Deposit; CLO-Collateralized Loan Obligation; CPA-Claims Paying Ability; CP-Commercial
Paper; CPS-convertible preference shares; CRPS- Cumulative Redeemable Convertible Preference
shares; DDB-Deep Discount Bond; EPBI-Exchange premium bond; FBL-Fund Based Limits; FRB/FRN
-Floating Rate Bond/Note; ICD -Inter Corporate Deposit; ITD-Immediate Term Debt; LOC-Letter of
Credit; LT -Long Term; LTB -Long Term Borrowing; LTD -Long Term Debt; MOCD-multiple option
convertible debenture; MTD -Medium term Debenture; MTN-medium term notes; NCD(SO) -
Non-Convertible Debenture-(Structured Obligation); NCD-Non-convertible Debentures; NCRB-Non
Convertible Redeemable Bonds; NM-Not Meaningful; OCD-optionally convertible debenture; OD-Over
Draft; OFCD-Optionally Fully Convertible Debenture; PCD-Partially Convertible Debenture;
PCN-partly convertible notes; PCPS-Partly Convertible Preference Share; POCD-partly optional;
PP-privately placed; PSPC-Post Shipment & Packing Credit; PS-Preference Shares; PTC-Pass
Through Certificates; RPS-Redeemable Preference Shares; SCPN-secured convertible preference
notes; SDO-Structured Debt Obligation; SLR-Statutory Liquidity Ratio; SO-Structured
Obligation; SPCD - Secured Partly Convertible Debentures; SPN-secured premium notes; STB-Short
Term Bond; STD-Short Term Debentures; ST-Short Term; Sub. Bonds-Subordinate Bonds; TB-Taxable
Bond; TFB-Tax Free Bond; TL-Term Loan; TOCD-triple option convertible debentures.

(Mumbai Rate Reporting Unit + 91 22 6180 7222 / 3317 7222, E-mail at rru.data@refinitiv.com)
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below